Zebra Technologies gets financing commitment for Matrox purchase

By Sara Rosenberg

New York, March 15 – Zebra Technologies Corp. has received a commitment for financing under its credit facility to help fund its $875 million acquisition of Matrox Imaging, according to a news release.

Other funds for the transaction will come from cash on hand.

Closing is expected this year, subject to customary conditions, including regulatory approval.

UBS Investment Bank is serving as financial adviser to Zebra. Evercore is acting as financial adviser to Matrox Imaging.

Zebra is a Lincolnshire, Ill.-based provider of hardware, software, services and solutions that digitize and automate workflows. Matrox is a developer of advanced machine vision components and systems.

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